Josefina

Josefina lives in Suai and most of her daily income is from selling fish and sea weeds. Her husband is a fisherman. She is now requesting for a loan of $800.00. With the loan she will buy a fishing net and other materials for her husband to do his activities as a fisherman. After her husband gets fish, she will bring it to the market to sell. Josefina started to do her business in 1995 with her own working capital of $88.00. She is happy with the loan that is offered from Tuba Rai Metin for her because with the loan she will improve her business in the future. She also has animals like cows, pigs and chicken.

Additional Information

More information about this loan

This loan is part of TRM’s effort to reach microentrepreneurs in East Timor, a region suffering from a deeply underdeveloped financial sector. Since its independence in 2002, East Timor has struggled with internal tensions which led to the quasi disappearance of its financial system. As of 2012, TRM is one of only two MFIs operating in East Timor trying to respond to the needs of thousands of microentrepreneurs. This loan provides underserved borrowers with critical capital to sustain their existing businesses.

Information about TRM

Tuba Rai Metin (TRM) is a microfinance institution in East Timor, one of the smallest, newest and least developed countries in Southeast Asia. The organization provides credit, savings and micro-insurance services to more than 7,000 clients. Its goal is to extend its reach into even more remote regions through branchless banking services.